Queensland Consolidated Acts

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MANUFACTURED HOMES (RESIDENTIAL PARKS) ACT 2003 - SECT 69D

Consulting with interested entities for preparing market valuation

69D Consulting with interested entities for preparing market valuation

(1) This section applies if—
(a) the site agreement for an eligible site provides for an increase in the site rent on the basis of a market review of site rent; and
(b) the park owner proposes to increase the site rent on that basis.
(2) At least 63 days before the next general increase day for the site, the park owner must consult with, or arrange for a registered valuer to consult with, the interested entities for preparing a written valuation for the market review of site rent (a
"market valuation" ).
(3) In this section—

"interested entities" means—
(a) the home owners committee for the residential park; or
(b) if no home owners committee has been established for the park, for an increase in site rent intended to apply to—
(i) fewer than 9 sites—the home owners for at least 2 of the sites; or
(ii) 9 or more sites—the home owners for the number of the sites at least equal to 25% of the number of the sites.



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